Where a Mortgagor Sells Property That He or She Has

question 18

True/False

Where a mortgagor sells property that he or she has mortgaged, in the absence of an agreement to the contrary, he or she will remain liable for payment of the mortgage.

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Definitions:

Relationships

Refers to the connection and associations between individuals or groups, based on interactions, feelings, or common interests.

Adults

Individuals who have reached the age where they are considered to be fully developed physically and mentally, and are legally responsible for their actions.

Sub-Par

Below an expected or standard level of quality or performance.

Excuses

Reasons or explanations put forward to defend or justify a fault or offense, often made to avoid taking responsibility.